#1
|
|||
|
|||
Couple of Other Economics Questions - Quickies once again
The law of opportunity cost stats that:
a. as cost increases, people buy less of a good. b. consumption and opportunity cost are inversely related. c. the more of something that is produced, the greater the opportunity cost of producing an additional unit. d. the more of something that is produced, opportunity cost falls. e. as production of one good increases, we must give up some of another good. 2. An issuer of bonds is a. a borrower of funds. b. buying part ownership of a firm c. a lender of funds. d. making a long term loan to the buyer. Again, I'm not trying to get you to do my homework, especially as these questions are relatively questions, but I just need to reassure. Thanks. |
|
|